Williams Partners LP (NYSE:WPZ) – Analysts at Jefferies Group dropped their Q2 2017 earnings per share (EPS) estimates for Williams Partners in a report issued on Wednesday. Jefferies Group analyst C. Sighinolfi now anticipates that the pipeline company will post earnings of $0.53 per share for the quarter, down from their previous forecast of $0.55. Jefferies Group has a “Buy” rating and a $44.00 price target on the stock. Jefferies Group also issued estimates for Williams Partners’ Q4 2017 earnings at $0.43 EPS, Q2 2018 earnings at $0.58 EPS, Q3 2018 earnings at $0.61 EPS and Q4 2018 earnings at $0.46 EPS.

A number of other equities research analysts have also recently issued reports on the stock. TheStreet upgraded shares of Williams Partners from a “c+” rating to a “b-” rating in a report on Tuesday, May 30th. BMO Capital Markets set a $47.00 price objective on shares of Williams Partners and gave the stock a “buy” rating in a report on Monday, June 5th. Citigroup Inc. upgraded shares of Williams Partners from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $41.00 to $46.00 in a report on Friday, April 7th. Zacks Investment Research cut shares of Williams Partners from a “buy” rating to a “hold” rating in a report on Monday. Finally, BidaskClub upgraded shares of Williams Partners from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Six investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $42.67.

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Williams Partners (WPZ) opened at 41.28 on Monday. Williams Partners has a 52 week low of $32.93 and a 52 week high of $42.32. The firm’s 50 day moving average price is $39.21 and its 200-day moving average price is $39.72. The firm has a market cap of $39.44 billion, a PE ratio of 41.45 and a beta of 1.43.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC bought a new position in shares of Williams Partners during the first quarter worth approximately $105,000. Advisory Services Network LLC bought a new position in shares of Williams Partners during the first quarter worth approximately $127,000. Penserra Capital Management LLC raised its position in shares of Williams Partners by 36.0% in the first quarter. Penserra Capital Management LLC now owns 4,480 shares of the pipeline company’s stock worth $182,000 after buying an additional 1,186 shares in the last quarter. Private Advisor Group LLC bought a new position in shares of Williams Partners during the first quarter worth approximately $226,000. Finally, Envestnet Asset Management Inc. raised its position in shares of Williams Partners by 168.1% in the first quarter. Envestnet Asset Management Inc. now owns 6,387 shares of the pipeline company’s stock worth $260,000 after buying an additional 4,005 shares in the last quarter. 23.42% of the stock is owned by institutional investors and hedge funds.

Williams Partners Company Profile

Williams Partners L.P. is an energy infrastructure company. The Company has operations across the natural gas value chain from gathering, processing, and interstate transportation of natural gas and natural gas liquids to petchem production of ethylene, propylene, and other olefins. It operates through its Northeast G&P, Atlantic-Gulf, West, and Natural gas liquid (NGL) & Petchem Services segments.

Earnings History and Estimates for Williams Partners (NYSE:WPZ)

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